Indian benchmark indices lose more than one per cent on Tuesday
The BSE Sensex was down 266.44 points at 24020.98 while the NSE Nifty fell 89.05 points to touch 7298.20
Although Dr Reddy's Laboratories posted growth in its Indian and US market for the December 2015 quarter, it was affected by the results from its emerging markets segment along with a forex loss of Rs 64 crore. The company's shares saw a decline on Tuesday.
The quarterly results of Punjab National Bank revealed that its provisioning increased by as much as 100 percent with the total slippage figure standing at Rs 13,000 crore.
India's largest steel maker reported a standalone net loss of Rs 1,528.73 crore for the December quarter, on lower income compared to its profit of Rs 579.09 crore posted in the year-ago quarter.
Some of the major stocks that declined on Tuesday are Punjab National Bank, Bank of Baroda, Tech Mahindra, Coal India, HCL Technologies, Tata Motors, TCS and Infosys.
The leading gainers included Lupin, Sun Pharma, NTPC, Bajaj Auto and ONGC
According to media reports, Asian markets ended in the red on Tuesday after US and European markets fell sharply overnight on concerns over slowing global growth and speculation over the US Federal Reserve raising rates further in March.
Image: Wikimedia Commons
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